The debt-for-equity scheme is viewed as a priority for Chinese leaders to reduce soaring leverage in the corporate sector, which hit 169 per cent of gross domestic product in the first quarter. Photo Imaginechina

New rule on debt-for-equity adds risk to process, warn analysts

Banks not now allowed to directly swap non-performing loans. Instead, they need to transfer them to qualified implementing agencies

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The debt-for-equity scheme is viewed as a priority for Chinese leaders to reduce soaring leverage in the corporate sector, which hit 169 per cent of gross domestic product in the first quarter. Photo Imaginechina
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